Swampscott: where have all the sellers gone?
Recently, I published Swampscott homeowners: now is a GREAT time to sell.
Since then, all 3 of the houses listed at the time for under $1 million have had offers accepted, while this week two more were listed :
11 Bay View Drive at $665,000, and 85 Walker Road at $459,900.
There are currently just 11 houses for sale in Swampscott and 5 of those are new construction in a 55+ community; 3 others are $2.9 million or more, and the last one is 20 One Salem Street at $1.2 million.
So…. if you have been thinking of selling it is hard to imagine a better opportunity: 3,462 SFHs in Swampscott and only 6 of them (the other 5 are new construction) for sale. The demand is there, but where is the supply?
If you would like to know what your home might sell for in this market please contact me to arrange for Team Harborside to visit you and give you a current market opinion.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
[email protected]
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
New Listings week ending Valentine’s Day
A quiet week ahead of President’s Day an school vacation week.
Click on these links for details:
Marblehead New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
and click Other towns to check for any town in Massachusetts.
Will house prices continue to rise in 2020?
Are you thinking of selling in 2020?
Swampscott homeowners: now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
[email protected]
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
New Listings mid-week February 12
Very few new listings ahead of School Vacation week:
Marblehead New Listing
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
Swampscott homeowners: now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
[email protected]
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Open Houses Sunday February 9
Here are today’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses
and click Open Houses search to check in other towns.
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
Swampscott homeowners: now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
[email protected]
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Two new Marblehead Neck Oceanfront listings
Just $4,000 separates these two new Oceanfront properties on Marblehead Neck (click on the links below the photos for full details):
Contact me to arrange a private showing.
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
How is Marblehead’s 2020 Property Tax rate calculated?
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
[email protected]
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
New Listings mid-week February 5
These re the most recent New Listings, including two Oceanfront properties on Marblehead Neck:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
and click New Listings to check other towns.
Will house prices continue to rise in 2020?
Are You Thinking of Selling in 2020?
Swampscott: now is a GREAT time to sell
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
[email protected]
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Swampscott Homeowners: now is a GREAT time to sell
The lack of housing inventory has been a feature of markets for several years, but nowhere to my knowledge has reached the situation currently prevailing in Swampscott.
Guess how many Single Family Homes are for sale currently? Just 12. Let me repeat that – there are 12 SFHs for sale in Swampscott. A town which has 3,462 SFHs.
And wait, there is more. (more…)
Open Houses on Super Bowl Sunday
A strange day ahead as for some reason the Patriots are not playing in the Super Bowl today. It will be mild for these Open Houses: (more…)
The 29 best things to do around Boston this February
In The 29 best things to do around Boston this February the Globe suggests 29 reasons to brave the chill – one for each day, although I am not sure there should be one for tomorrow when the temperature will be in the 50s.
I am guessing this may prove a favourite:
New Listings mid-week January 29
These are the most recent new listings: (more…)
Open Houses Sunday January 26
Sunny and mild – perfect weather to visit these open Houses: (more…)
New Listings mid-week January 22
These are the most recent New Listings:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings
and click Other towns to search any town in Massachusetts.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
[email protected]
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Can a 97-Year-Old Still Get a 30-Year Mortgage?
Older Americans may not realize that they can still qualify for a mortgage, as the Equal Credit Opportunity Act forbids discrimination in the mortgage market on the basis of age. According to this NAR article 97-year-olds older borrowers are eligible to get loans that will expire even up to their 130th birthdays.
According to the Federal Housing Finance Agency, borrowers over the age of 65 comprise about 10% of all mortgages that are originated each year, and
more lenders are trying to promote to retirees that they can still qualify with special lending programs geared to them.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
[email protected]
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Are You Thinking of Selling in 2020?
If you are thinking of selling in 2020 these are some of the questions you should be asking:
What is a realistic expectation of the price I will get?
How long will it take to sell my house?
What is the best marketing plan to get maximum exposure for my house?
Team Harborside of Sagan Harborside Sotheby’s International Realty is one of the top performing real estate groups North of Boston. Since 2009, Team Harborside has represented buyers, sellers, and investors, in transactions totaling over $350,000,000.
Contact me to arrange a meeting to discuss how Team Harborside can help you achieve your goals in 2020.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
[email protected]
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Essex County 2019 median home prices: a Town by Town guide
[Click here to download the table listing towns in alphabetical order, and here to download the table showing towns from highest to lowest median price.]
Overall, in the 34 cities and towns of Essex County, the median Single Family Home (SFH) price increased 3.9% to $475,000 in 2019, while sales were up 2.7%. Both were new record highs.
The table below shows the median price for each town for the last 3 years, with the percentage change in 2019. It also compares sales for the last two years.
Note that a small number of sales can lead to price fluctuations. In general, the larger the number of sales, the more reliable is the median price.
While the overall median price in Essex County was $475,000, only 12 of the 34 cities and towns had median prices below this level, while 22 had median prices above $475,000. The reason for this is that the median price for the the County is calculated by taking all 6,000 plus individual property sales, and many of the towns with a large number of sales are in communities with lower prices.
Calculating the median price for Essex County using towns – i.e. the median price of 34 numbers – rather than individual sales produces a median price of $584,500.
Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
[email protected]
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
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